Why is Krishanveer Forg falling/rising?

As of 17-Sep, Krishanveer Forge Ltd's stock price is currently at Rs. 143.30, reflecting an increase of 1.35 (0.95%). The stock has recently hit a new 52-week high of Rs. 148.95 and has been on an upward trend, gaining 6.67% over the last two days. It opened with a significant gain of 4.93% today and has outperformed its sector by 0.73%. The stock's performance over various periods shows a 2.76% increase over the past week and a remarkable 252.52% rise over the last three years. Additionally, the company has a low debt-to-equity ratio and a return on equity of 14.1, indicating a fair valuation and consistent returns, which may contribute positively to investor sentiment.
In the broader market context, Krishanveer Forge Ltd's short-term performance has outpaced the Sensex, which has risen by 1.56% over the same week. The stock's strong liquidity and rising investor participation, with a delivery volume increase of 660.87% against the five-day average, suggest robust demand. Furthermore, the company's consistent outperformance against the BSE500 over the last three years reinforces its attractiveness to investors, despite trading at a premium compared to peers. Overall, these factors indicate a positive outlook for the stock amidst a favorable market environment.